Tag Archives | Hyundai

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Excavator type” CAT 320 D2” for Ras lanuf terminal, Harouge Oil Operation (HOO) 3 Hyundai buses for Ras Lanuf terminal, Harouge Oil Operation (HOO) Supply and installation of two (2) manual manifold(s) one at GC-6 & one at Sat-14 at Sarir field project No: […]

Hyundai to complete Power Plant in Tripoli

By John Lee. South Korea’s Hyundai has reportedly announced it will return to Libya early next year to complete the suspended Tripoli West Power Plant project. Sources at the Libyan state-owned General Electricity Company (GECOL) told Xinhua that embassy officials and representatives of Hyundai held talks with GECOL regarding security arrangements in preparation for the […]

South Korean Construction Firms Consider Return to Libya

By John Lee. South Korean construction companies have visited Tripoli to assess whether they can restart work on three power station projects said to be worth LD 4 billion. According to Libya Herald, Hyundai and Doosan were building the 1400-MW Khaleej Power station at Sirte, which began in 2007; Daewoo was building the power station at […]

US: How did IS get so many Toyota SUVs?

U.S. counter-terror officials have asked Toyota to help them determine how the Islamic State group (ISIS, ISIL, IS) has managed to acquire the large number of Toyota pick-up trucks and SUVs seen prominently in the terror group’s propaganda videos. According to a report from ABC News, Toyota says it does not know how ISIS obtained […]

Firms Suspend Work at Sirte Power Plant

The South Korean companies Hyundai and Doosan have reportedly suspended construction of a 1,400-megawatt power plant in Sirte because of security concerns. Abu Bakr Makhyoune, the plant’s managing director, told Reuters: “It is only temporary. They had orders from the South Korean government to pull out because of the security situation in Libya. “Around 570 […]

Libya is Daewoo’s Top Customer

Daewoo Engineering and Construction has become the second Korean company to surpass $50 billion in cumulative overseas orders, after Hyundai Engineering and Construction first did so eight years ago, reports Chosun Ilbo. By country, Libya accounted for the most orders with $11.4 billion, followed by Nigeria with $6.7 billion, Algeria with $4.2 billion and Morocco […]

New Sea-Water Desalination Contract

French-based Entropie has been awarded a contract by Hyundai Engineering & Construction Co Ltd for the supply of two sea water desalination units for the Tripoli West (Libya) 4 x 350 MW Power Plant Project in Libya. The scope of supply includes engineering, fabrication and delivery FOB of two Multiple Effect Distillation (MED) units, with […]

Hyundai Resumes Projects in Libya

Bloomberg reports that Hyundai has resumed work on projects in Libya, following assurances on compensation and security from the Libyan government. Korean minister Kyunghan Kim told the news agency that he “asked the Libyan government to expedite the process of re-evaluating all existing contracts and to resolve the compensation, non-payment, bond call, and escalation fees […]